Small-Cap superstar unleashed: Astonishing 4 per cent surge in shares on stellar standalone Q4 & FY23 results!

The stock gave 95 per cent returns in 6 months, up 107 per cent in 1 year and over 130 per cent in 2 years.

Manaksia Ltd announced its Quarterly Results (Q4FY23) and annual results (FY24) for the year ended March 31, 2023: Details below:

Standalone Quarterly Results: The net sales increased by 145.61 per cent, operating profit increased by 88.46 per cent and net profit increased by 46.25 per cent in Q4FY23 over Q4FY22. The EPS stood at Rs 1.61.

Standalone Annual Results: The net sales increased by 128.33 per cent, operating profit increased by 1,381.20 per cent and net profit increased by 1,048.90 per cent in FY23 over FY22. The EPS stood at Rs 14.83.

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On Friday, shares of Manaksia Ltd surged 4.02 per cent to an intraday high of Rs 154.40 per share with a spurt in volume by more than 4.38 times on BSE. At 03:30 pm, shares of the company, ended the day in green, up 0.10 per cent to Rs 148.50 per share.

Incorporated in 1984, Manaksia Ltd is primarily engaged in the trading and export of steel, aluminium and packaging products. The company has 4 subsidiaries: MINL Ltd, Dynatech Industries Ghana Ltd, Manaksia Overseas Ltd and Manaksia Ferro Industries Ltd. Additionally, it has 2 step-down subsidiaries, namely Mark Steels Ltd and Jebba Paper Mills Ltd.

The stock gave 95 per cent returns in 6 months, up 107 per cent in 1 year and over 130 per cent in 2 years. Investors should keep an eye on this multibagger Small-Cap stock under their watchlist.